U.S. Is Future Energy Superpower
Four decades ago, the Arab oil embargo consigned Americans to gas lines. Odd-even rationing became routine, and everyone with a passing interest in energy policy heard regular predictions that the planet was nearing “peak oil.”
We’ve been told forever that we’re “running out of resources,” that we’re facing a future of shrinking options, that we’d better change our ways and oh, by the way, our friends in the green movement will tell us exactly how our ways must be changed.
Which is why last week, the greens no doubt reacted in horror at the International Energy Agency’s latest forecast on oil production.